Robert Half has been around for quite sometime...I look at this chart as a sentiment indicator for "white collar workers". While white collar workers and the American middle class are not synonymous you could say that many people in the middle class are employed as white collar workers so it is a chart to study when considering how the American middle class is "feeling" about their job situation which in turn leads to consumption habits either falling or rising.
Needless to say this chart has been plunging since early 2022 and is off to the worst start of a presidential turnover since Bush in 2000 (if you study only the last 25 years).
Typically once a president has been elected or re-elected this chart generally has gone up during the first 2 years after election or re-election...it then either continues upwards or begins to go down after the 2nd full year. As you can see during the Bush presidential term sentiment actually went down.
This chart is one of the reasons I believe charts like Target, Lululemon, LVMH, etc have been suffering.
Anyways, RHI is actually not a bad company...pays a pretty good dividend and has a solid balance sheet. Could this be the quarter for the turn around? Today had a very strong bullish reversal candle, not only for this company but also for the others I mentioned above. Only time will tell but this chart will eventually turn around.
Needless to say this chart has been plunging since early 2022 and is off to the worst start of a presidential turnover since Bush in 2000 (if you study only the last 25 years).
Typically once a president has been elected or re-elected this chart generally has gone up during the first 2 years after election or re-election...it then either continues upwards or begins to go down after the 2nd full year. As you can see during the Bush presidential term sentiment actually went down.
This chart is one of the reasons I believe charts like Target, Lululemon, LVMH, etc have been suffering.
Anyways, RHI is actually not a bad company...pays a pretty good dividend and has a solid balance sheet. Could this be the quarter for the turn around? Today had a very strong bullish reversal candle, not only for this company but also for the others I mentioned above. Only time will tell but this chart will eventually turn around.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.